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The Irony of Trading

Daytrader21 Publicado 6 Ago  en #Trader's blog #Support #Resistance #Jesse Livermore #USD/TRY
Here is my quick review of my first trade:
Currency Pair: USD/TRY
Side: Long
Amount: 5Mill
Time Frame: 1h
Open Price: 2.133467
Close Price: 2.12377
PnL: -97 pips loss
Open date: 04.08.2014 07:00:20
Close Date: 05.08.2014 08:23:20
Reasons Behind the trade: This was supposed to be a quick trade between some intraday support and resistance levels nothing complicated about it. After my order was triggered the market stop moving any further and we stayed in a tight range until next day(see Figure …
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4 Comentarios
Neu_spir8 avatar
Neu_spir8 6 Ago

Sh!t happens u know, happened to me before and laughed on myself, think all traders experienced things like that, tell u the truth, i laughed on u man,  just a little :), someone like u will overcome things like that, am still laughing, no disrespect pal.

Daytrader21 avatar
Daytrader21 6 Ago

Neu_spir8 Yes, sh*t happens all the time, I already forgot about it:)..there is no time for crying in this business:))

scramble avatar
scramble 6 Ago

I thought this was happening only to me!! :PP

Ichimoku6886 avatar
Ichimoku6886 6 Ago

i think it down

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Qick Review of My Trades

Daytrader21 Publicado 8 Feb  en #Trader's blog #Ecb #USD/CAD #EUR/USD #EUR/NZD #Bullish Trend #USD/TRY
First trade I took this month was on turkish lira, I went short USD/TRY you can find more about the reasons behind this trade in my previous post: Emerging Markets, Follow the Hot Money.
Second trade I took was on the Canadian Dollar, actually I was both short and long on this pair. USD/CAD has recently started to break in a very aggressive bullish trend. I've been forecasting this trend in the Canadian Dollar since last year you can find here a quick review of my Technical Analysis on the USD/C…
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Emerging Markets, Follow the Hot Money

Daytrader21 Publicado 7 Feb  en #Trader's blog #Volatility #Emerging Markets #Interest Rates #USD/TRY #Turikish Cb
Why I was short USDTRY?
Explaining my trade.

Since beginning of the week I'm running a short position in USD/TRY and I'm well over 600 pips in profits. The main reason why I got short is mainly because Turkey's Central bank raised the interest rates and secondly because of the high volatility in emerging market currency. Actually this is the first time I'm trading emerging market currencies. I always try to trade where the hot money are.
Last weeks the main market driven theme and ri…
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Puesto que usted no está conectado, no sabemos su idioma, pero suponemos que es inglés
Por favor, ingrese o elija otro idioma para traducir la lista.

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2 Comentarios
jezz avatar
jezz 7 Feb

Emerging markets deserve some discussion... in my opinion, they are left now to grow up, while bigger players are dealing with their own problems... well, this is kind of a translation of my metaphoric blogs :D

Daytrader21 avatar
Daytrader21 7 Feb

I also think this time is different than for eg the 1997 Asian crisis when back there they emerging markets had lot of dept. this time around only Turkey has some kind of domestic credit bubble and that's the reason why they had to intervene and stop the fall in turkish lira as they have borrowed against the US dollar so if US dollar is more expensive this hurts them.

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